Over two days in late July, Regalado’s office sued 17 property owners in Miami-Dade Circuit Court after they successfully lowered their 2024 valuations, resulting in reduced property tax bills.
The project would be one of the largest industrial developments in Miami-Dade. With vacant industrial land scarce in South Florida, developers are increasingly looking to repurpose man-made lakes despite the high cost.
Where some big names in CRE see concern over strategic and operational uncertainty over the impact of tariffs and trade tensions, the logistics giant looks for opportunity and remains optimistic, viewing the volatility as a driver of increased warehouse demand.
The world’s largest industrial developer and landlord announced a spike in warehouse leasing activity following the U.S. November election, which has improved the company’s outlook for warehouse demand in 2025.
Completed in 2022, the 157,214-square-foot warehouse property is located within Beacon Lakes, a 640-acre industrial park also developed by Codina Partners. Prologis plans to redevelop the warehouse into a logistics facility.